EV Tax Credit Calculator

The U.S. federal government offers up to $7,500 in tax credits when you buy a new electric or plug-in hybrid vehicle — but the amount depends on your income, the car's price, and where you live. Select your vehicle type, enter the sale price and battery capacity, then provide your tax filing status, adjusted gross income (AGI), and state to see your federal tax credit, state incentive, and effective vehicle price after credits.

Vehicle Type *

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Total Tax Credits

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Federal Tax Credit

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State Incentive

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Effective Vehicle Price

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Frequently Asked Questions

What is the maximum federal EV tax credit for new vehicles?

The federal tax credit for new electric vehicles is up to $7,500, depending on the vehicle's battery capacity and final assembly location. The vehicle must meet specific requirements including domestic assembly and battery component sourcing.

Are there income limits for EV tax credits?

Yes, for new vehicles, the credit phases out for single filers with AGI over $150,000, married filing jointly over $300,000, and head of household over $225,000. Used vehicle credits phase out at $75,000 for single filers and $150,000 for joint filers.

What is the tax credit for used electric vehicles?

Used EVs qualify for up to $4,000 or 30% of the sale price, whichever is less. The vehicle must be at least 2 model years old, cost $25,000 or less, and be purchased from a licensed dealer.

Can I get both federal and state EV incentives?

Yes, federal and state incentives can typically be combined. Many states offer additional rebates, tax credits, or other incentives that stack with federal credits, significantly reducing your total cost.

Do plug-in hybrids qualify for the same credit as battery electric vehicles?

Plug-in hybrids can qualify for federal credits, but the amount depends on battery capacity. Vehicles with at least 5 kWh qualify for a base $2,500 credit, plus $417 for each kWh above 5 kWh, up to the $7,500 maximum.

When do I receive the EV tax credit?

The federal EV tax credit is applied when you file your annual tax return, reducing your tax liability. Some dealers now offer point-of-sale rebates, allowing you to receive the benefit immediately at purchase.